Dodd-Frank Investment Advisers
SEC Adopts Final Rules on Advisory Performance Fees
Investment Advisers, Private Equity The SEC has adopted a final rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees, by excluding the value of the investor’s home from the net worth calculation. Under the SEC’s rule, registered investment advisers may charge clients performance fees if the client’s net worth or [...] Read more →
CFTC Eliminates Key Exemption From Registration as a Commodity Pool Operator
Derivatives, Investment Advisers The CFTC has eliminated the exemption from registration as a commodity pool operator, or CPO, set forth in CFTC Rule 4.13(a)(4). The Rule provided an exemption from CPO... Read more →
SEC Issues FAQs on Form ADV
Investment Advisers, Private Equity Many sponsors of private equity funds and hedge funds are scrambling to register as investment advisers with the SEC as required by the Dodd-Frank Act. The process is completed... Read more →
SEC Issues FAQ’s on Family Office Investment Adviser Exemption
Investment Advisers, Uncategorized The SEC staff has issued frequently asked questions on the SEC’s rule regarding exemption of family offices from registration under the Investment Adviser Act. The Dodd-Frank... Read more →
SEC Clarifies Private Fund Investment Adviser Regulation Following Dodd-Frank
Investment Advisers, Private Equity The ABA submitted a no-action letter request to the SEC to clarify certain investment adviser registration matters following the Dodd-Frank Act with respect to private equity and... Read more →
SEC Issues Small Entity Compliance Guide for Form PF
Investment Advisers, Private Equity The SEC has issued a small entity compliance guide entitled “Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading... Read more →
Social Media Fraudster Causes Knee Jerk SEC Reaction
Broker-Dealer, Investment Advisers, Litigation, Private Equity The SEC recently commenced an enforcement action against a registered investment adviser who allegedly “offered more than $500 billion in fictitious securities through various... Read more →
SEC Updates Rulemaking Timetable
Employment, Executive Compensation, Investment Advisers, Municipal Advisors, Public Companies and Securities The SEC has updated its Dodd-Frank rulemaking schedule. Highlights of those rules slated for action in the January to June timeframe of 2012 are as follows: §952: Adopt... Read more →
SEC Penalizes Investment Advisers for Compliance Failures—Lessons For Soon to be Registered Advisers to Private Equity and Hedge Funds
Investment Advisers, Private Equity The SEC announced three settled enforcement actions against registered investment advisers for compliance failures. The alleged instances of noncompliance demonstrate the types... Read more →
The Details of Form PF
Investment Advisers, Private Equity The SEC has recently adopted final Form PF, which requires reporting of certain information by advisers to hedge funds and private equity groups, as required by the Dodd-Frank... Read more →